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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Revenues, Expenses, and Operating Earnings by Segment and Reconciliation to Earnings before Taxes | Revenues, expenses, and operating earnings by segment and the reconciliation to earnings before taxes for the periods ended September 30, 2025 and 2024 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  |  |  |  |  |  |
ASC | $ | 580 |  |  | $ | 533 |  |  | $ | 1,633 |  |  | $ | 1,458 |
IMS | 383 |  |  | 285 |  |  | 964 |  |  | 812 |
Corporate & Eliminations | (3) |  |  | (6) |  |  | (9) |  |  | (17) |
Total revenues | $ | 960 |  |  | $ | 812 |  |  | $ | 2,588 |  |  | $ | 2,253 |
Cost of revenues |  |  |  |  |  |  |
ASC | $ | 437 |  |  | $ | 411 |  |  | $ | 1,237 |  |  | $ | 1,111 |
IMS | 304 |  |  | 228 |  |  | 760 |  |  | 658 |
Corporate & Eliminations | (3) |  |  | (6) |  |  | (9) |  |  | (17) |
Total cost of revenues | $ | 738 |  |  | $ | 633 |  |  | $ | 1,988 |  |  | $ | 1,752 |
General and administrative |  |  |  |  |  |  |
ASC | $ | 63 |  |  | $ | 52 |  |  | $ | 196 |  |  | $ | 173 |
IMS | 24 |  |  | 22 |  |  | 71 |  |  | 64 |
Corporate & Eliminations | — |  |  | 1 |  |  | — |  |  | 5 |
Total general and administrative | $ | 87 |  |  | $ | 75 |  |  | $ | 267 |  |  | $ | 242 |
Company-funded research and development |  |  |  |  |  |  |
ASC | $ | 29 |  |  | $ | 19 |  |  | $ | 76 |  |  | $ | 51 |
IMS | 7 |  |  | 4 |  |  | 18 |  |  | 13 |
Corporate & Eliminations | — |  |  | — |  |  | — |  |  | — |
Total company-funded research and development | $ | 36 |  |  | $ | 23 |  |  | $ | 94 |  |  | $ | 64 |
Amortization of intangibles |  |  |  |  |  |  |
ASC | $ | 5 |  |  | $ | 6 |  |  | $ | 16 |  |  | $ | 17 |
IMS | — |  |  | — |  |  | — |  |  | — |
Corporate & Eliminations | — |  |  | — |  |  | — |  |  | — |
Total amortization of intangibles | $ | 5 |  |  | $ | 6 |  |  | $ | 16 |  |  | $ | 17 |
Other segment items |  |  |  |  |  |  |
ASC | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 5 |
IMS | — |  |  | — |  |  | — |  |  | — |
Corporate & Eliminations | — |  |  | — |  |  | — |  |  | — |
Total other segment items(1) | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 5 |
Operating earnings |  |  |  |  |  |  |
ASC | $ | 45 |  |  | $ | 45 |  |  | $ | 107 |  |  | $ | 101 |
IMS | 48 |  |  | 31 |  |  | 115 |  |  | 77 |
Corporate & Eliminations | — |  |  | (1) |  |  | — |  |  | (5) |
Total operating earnings | $ | 93 |  |  | $ | 75 |  |  | $ | 222 |  |  | $ | 173 |
Interest expense, net | (4) |  |  | (5) |  |  | (7) |  |  | (17) |
Other, net | (2) |  |  | (1) |  |  | (3) |  |  | (3) |
Earnings before taxes | $ | 87 |  |  | $ | 69 |  |  | $ | 212 |  |  | $ | 153 |
________________ (1)Includes ASC restructuring costs for the periods presented. Total intersegment revenues by segment for the periods ended September 30, 2025 and 2024 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
ASC | $ | 3 |  |  | $ | 6 |  |  | $ | 9 |  |  | $ | 17 |
IMS | — |  |  | — |  |  | — |  |  | — |
Total intersegment revenues | $ | 3 |  |  | $ | 6 |  |  | $ | 9 |  |  | $ | 17 |
Schedule of Depreciation, Assets by Segment | Depreciation by segment for the periods ended September 30, 2025 and 2024 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
ASC | $ | 12 |  |  | $ | 12 |  |  | $ | 36 |  |  | $ | 36 |
IMS | 6 |  |  | 5 |  |  | 17 |  |  | 15 |
Total depreciation | $ | 18 |  |  | $ | 17 |  |  | $ | 53 |  |  | $ | 51 |
Total assets by segment as of September 30, 2025 and December 31, 2024, consists of the following:
(Dollars in millions) |  |  |  |  | September 30, 2025 |  | December 31, 2024
ASC |  |  |  |  | $ | 2,465 |  |  | $ | 2,249 |
IMS |  |  |  |  | 1,344 |  |  | 1,225 |
Corporate & Eliminations |  |  |  |  | 436 |  |  | 710 |
Total assets |  |  |  |  | $ | 4,245 |  |  | $ | 4,184 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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